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AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO CENTER CITY APARTMENT ASSOCIATES URBAN RENEWAL, LLC, 691 ELIZABETH AVENUE, SUITE 2, NEWARK, NEW JERSEY 07112 FOR A PROJECT TO REHABILITATE THIRTEEN (13) AFFORDABLE HOUSING BUILDINGS, COMMONLY REFERRED TO AS PUEBLO CITY, CENTER CITY 3, AND JOHNSON APARTMENTS CONSISTING OF APPROXIMATELY TWO HUNDRED AND FOURTEEN (214) AFFORDABLE HOUSING UNITS LOCATED AT 12-14 PENNSYLVANIA AVENUE, 17-19 PENNSYLVANIA AVENUE, 15 THOMAS STREET, 23, 25 AND 27-39 JOHNSON AVENUE, 20-30, 32-34, 46-54 AND 60-74 ASTOR STREET, 19-33 MURRAY STREET AND 83-85 BRUNSWICK STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY'S TAX MAP AS BLOCK 2826, LOT 28, BLOCK 2824, LOT 40, BLOCK 2826, LOT 39, BLOCK 2669, LOT 14, BLOCK 2674, LOT 56, BLOCK 2675, LOT 1, BLOCK 2803, LOT 1, BLOCK 2803, LOTS 7 AND 8, BLOCK 2808, LOT 14, BLOCK 2808, LOT 21, BLOCK 2811, LOT 1 AND BLOCK 2819, LOT 17 (THE "PROJECT").(EAST AND SOUTH WARDS)
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WHEREAS, Center City Apartment Associates Urban Renewal, LLC, (the "Applicant") 691 Elizabeth Avenue, Suite 2, Newark, New Jersey 07112, filed an application with the Mayor seeking a long term tax abatement, for a thirty (30) year term, under the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq., for a project to rehabilitate thirteen (13) affordable housing buildings commonly referred to as Pueblo City, Center City 3 and Johnson Apartments consisting of approximately two hundred fourteen (214) affordable housing units located at 12-14 and 17-19 Pennsylvania Avenue, 15 Thomas Street, 23, 25 and 27-39 Johnson Avenue, 20-30, 32-34, 46-54 and 60-74 Astor Street, 19-33 Murray Street and 83-85 Brunswick Street, Newark, New Jersey and identified on the City's tax map as Block 2826, Lot 28, Block 2824, Lot 40, Block 2826, Lot 39, Block 2669, Lot 14, Block 2674, Lot 56, Block 2675, Lot 1, Block 2803, Lot 1, Block 2803, Lots 7 and 8, Block 2808, Lot 14, Block 2808, Lot 21, Block 2811, Lot 1 and Block 2819, Lot 17 (...
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